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Courses/Accounting & Tax/Financial Reporting & Statements

FRS 103: Insurance Contracts in UK & Ireland Reporting

Master the complexities of insurance contracts and financial reporting in the UK & Ireland.

Created byUKElite Accounting Training
5.0
(3 reviews)
BeginnerUpdated Aug 22, 2024
FRS 103:  Insurance Contracts in UK & Ireland Reporting

What You'll Learn

check_circleUnderstand the fundamentals of insurance contracts and inherent uncertainties.
check_circleDifferentiate between insurance risks and other types of risks.
check_circleNavigate the financial and regulatory aspects of deferred acquisition costs and taxation.
check_circleComprehend the requirements for regulatory capital and compliance.
check_circleEffectively manage and disclose market and credit risks.
check_circleCalculate investment returns and understand the implications for policyholders.

About This Course

Gain a comprehensive understanding of insurance contracts and their financial and regulatory implications within the UK & Ireland. This course dives deep into the essence and peculiarities of insurance contracts, equipping you with the knowledge to distinguish between insurance risks and other types of risks. Topics such as deferred acquisition costs, taxation scenarios, regulatory capital, and compliance requirements are covered in detail. By enrolling, you will also explore aspects of capital management, risk management, and investment return calculation, ensuring a well-rounded grasp of the subject matter.

Key Topics:

  •  Insurance Contract Fundamentals
  •  Payments in Kind
  •  Financial and Regulatory Aspects
  •  Regulatory Capital and Compliance
  •  Risk Management and Disclosures
  •  Investment and Policyholder Implications

This course is designed for professionals in the accounting and insurance fields who require a solid understanding of insurance contract reporting. Basic knowledge of financial reporting is recommended.

Your Instructor

UKElite Accounting Training
UKElite Accounting Training
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star78 reviews

UKElite Accounting Training provides cutting-edge professional development courses tailored for accounting professionals across the United Kingdom. Our mission is to deliver top-tier education that equips accountants with the latest skills and knowledge needed to excel in their careers. Our expert instructors offer real-world insights and practical guidance across a wide range of accounting disciplines. With a commitment to excellence and continuous improvement, UKElite Accounting Training is your trusted partner in professional growth.

Credit Information

What Students Are Saying

5.0
Student's Choice
3 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.